Shell Warns of Iran War Fuel Rationing

Shell’s CEO, Wael Sawan, has cautioned that Europe could face fuel rationing and energy shortages as early as next month if the Strait of Hormuz remains closed to shipping. This closure, potentially due to ongoing tensions surrounding the Iran-Israel conflict, poses a significant threat to global oil supplies. Governments are reportedly collaborating with Shell to mitigate the crisis and secure alternative energy sources.

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